A- A company borrowed $60,000 for renovation. The company plans to
set up a sinking fund that will pay back the loan at the end of 5 years. Assuming a rate of 10% compounded semiannually, find the Sinking Fund of the ordinary annuity. (5 points) B- In order to fund his son's higher education, Abdullah decided to invest $1000 quarterly for 6 years in an ordinary annuity at 12%. What is the total cash value of the annuity at end of year 6? (5 points) C- What must YOU invest today to receive an annuity of $4,500 for 10 years compounded at 8% quarterly when all withdrawals will be made at the end of each period? (5 points)
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